After reaching a record high in July, the cost of petrol will be hiked again on Wednesday when the pump price of both 93 and 95 grades rises by 91c/l.
The wholesale price of diesel will increase 56c/l for high-sulphur 500 ppm diesel and 55c for low-sulphur 50 ppm, with illuminating paraffin to go up 50c.
The Central Energy Fund (CEF) attributes the increases to the rising oil price and the rand’s depreciation against the dollar, which weakened to R14.53 from R13.92 during the previous period. Fuel prices are adjusted monthly.
The increases to petrol and diesel include a 6.58c / l slate levy, due to combined cumulative petrol and diesel slate balances at end-June amounting to a negative balance of R535.1m.
The Automobile Association says due to the new increases the price of petrol will have climbed nearly 23% since January, the diesel price about 20% and illuminating paraffin about 30%.
From Wednesday the retail price of a litre of 95 unleaded petrol will be R18.30 inland and R17.58 at the coast. This compares to R14.86 (inland) and R14.16 (coast) in January.
Over the same period the wholesale price of 500 ppm diesel rises from R13.00 to R15.64 (inland) and R12.40 to R15.02 (coast).
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